7/23/2012 BOARD OF SELECTMEN Minutes

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7 Board of Selectmen Minutes July 23, 2012 APPOINTMENTS & HEARINGS: Hogjmg Assistance Co ration—&Nuest for Affordable Housiniz Miti n Funds. The Selectmen reviewed communication received ftom.the Housing Assistance Corporation dated July 16, 2012 requesting the use of the Lovell Road DRI fuds to install sprinklers in all wits at the new Great Cove Conxnnun ty, It was noted the installation of sprinklers is a recommendation of the Mashpee Fire Chief for fire protection. However, sprinklers arc not a requirement for construction. The cost is $ o, 9. It was noted that HAC rebid the project and the sprier installation wad reduced from$68,000. Leila Botsford, Executive Director of the Mashpee Housing Authority indicated the project is moving forward with a written commitment of $50,000 from the Barnstable County HOME Consortium. It was noted that-ICAC is currently awaiting commitment from additional funding sources to fill the.funding gap o $267,292 to move the project forward-. It was announced the projected closing date for the mortgage is September with construction to cortunence thereafter. The tots construction cost for ten units is estimated a $3.2,- $3.4 million, The Board of Selectmen requested final.figures 'With respect to this regard. Motion made by Selectman Cahalane to grant the Housing Assistance Corporation $60,389 in DRI Affordable Housing Mitigation funds for the Great Cove Community project as referenced with the condition the funds are based on the project moving forward,and the funding would not be used until it is needed in the construction process. Motion seconded by Selectman Sherman. VOTE: Unanimous. 5-0. RoIJ Call vote: Selectman Richardson,yes Selectman Sherman,yes Selectman Taylor,yes Selectman C haian ,yes Selectman O'Hara,yes opposed,none a 5 5